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Comprehensive Income and Equity (Tables)
6 Months Ended
Jun. 29, 2019
Equity [Abstract]  
Summary of Changes, Net of Tax, in Accumulated Other Comprehensive Loss
A summary of changes, net of tax, in accumulated other comprehensive loss for the three and six months ended June 29, 2019, is shown below (in millions):
 
Three Months Ended
 
Six Months Ended
 
June 29, 2019
 
June 29, 2019
Defined benefit plans:
 
 
 
Balance at beginning of period
$
(172.5
)
 
$
(172.8
)
Reclassification adjustments (net of tax expense of $— million and $0.4 million in the three and six months ended June 29, 2019, respectively)
1.6

 
3.2

Other comprehensive loss recognized during the period (net of tax impact of $— million in the three and six months ended June 29, 2019)
(3.0
)
 
(4.3
)
Balance at end of period
$
(173.9
)
 
$
(173.9
)
Derivative instruments and hedging:
 
 
 
Balance at beginning of period
$
(9.0
)
 
$
(9.7
)
Reclassification adjustments (net of tax benefit of $2.7 million and $4.8 million in the three and six months ended June 29, 2019, respectively)
(10.0
)
 
(17.1
)
Other comprehensive income recognized during the period (net of tax expense of $5.0 million and $7.3 million in the three and six months ended June 29, 2019, respectively)
17.8

 
25.6

Balance at end of period
$
(1.2
)
 
$
(1.2
)
Foreign currency translation:
 
 
 
Balance at beginning of period
$
(530.0
)
 
$
(523.3
)
Other comprehensive income recognized during the period (net of tax impact of $— million in the three and six months ended June 29, 2019)
6.9

 
0.2

Balance at end of period
$
(523.1
)
 
$
(523.1
)
 
 
 
 
Total accumulated other comprehensive loss
$
(698.2
)
 
$
(698.2
)

A summary of changes, net of tax, in accumulated other comprehensive loss for the three and six months ended June 30, 2018, is shown below (in millions):
 
Three Months Ended
 
Six Months Ended
 
June 30, 2018
 
June 30, 2018
Defined benefit plans:
 
 
 
Balance at beginning of period
$
(181.7
)
 
$
(184.0
)
Reclassification adjustments (net of tax expense of $0.3 million and $0.6 million in the three and six months ended June 30, 2018, respectively)
1.1

 
2.4

Other comprehensive income recognized during the period (net of tax impact of $— million in the three and six months ended June 30, 2018)
2.2

 
3.2

Balance at end of period
$
(178.4
)
 
$
(178.4
)
Derivative instruments and hedging:
 
 
 
Balance at beginning of period
$
14.5

 
$
(22.9
)
Reclassification adjustments (net of tax benefit of $0.2 million and $0.9 million in the three and six months ended June 30, 2018, respectively)
(1.1
)
 
(3.5
)
Other comprehensive income (loss) recognized during the period (net of tax (benefit) expense of ($8.9) million and $2.1 million in the three and six months ended June 30, 2018, respectively)
(32.1
)
 
7.7

Balance at end of period
$
(18.7
)
 
$
(18.7
)
Foreign currency translation:
 
 
 
Balance at beginning of period
$
(213.6
)
 
$
(306.5
)
Other comprehensive loss recognized during the period (net of tax impact of $— million in the three and six months ended June 30, 2018)
(217.0
)
 
(124.1
)
Balance at end of period
$
(430.6
)
 
$
(430.6
)
 
 
 
 
Total accumulated other comprehensive loss
$
(627.7
)
 
$
(627.7
)

Common Stock Repurchase Program
Share repurchases in the first six months of 2019 are shown below (in millions except for shares and per share amounts):
Six Months Ended
 
As of
June 29, 2019
 
June 29, 2019
Aggregate Repurchases (1)
 
Cash paid for Repurchases
 
Number of Shares
 
Average Price per Share (2)
 
Remaining Purchase Authorization
$
279.5

 
$
276.5

 
1,987,246
 
$
140.65

 
$
1,303.5

(1) Includes $83.0 million of repurchases made prior to the increased authorization
(2) Excludes commissions
Dividends Declared and Paid Dividends declared and paid are shown below (in millions):
 
Six Months Ended
 
June 29, 2019
 
June 30, 2018
Dividends declared
$
94.6

 
$
94.7

Dividends paid
95.6

 
96.7